Malaysian budget to address high cost of living issue

Socio-Economic Research Centre executive director Lee Heng Guie(pic) noted that initiatives to address consumer spending could entail direct cash assistance to the B40 segment, a special cash assistance of RM500 to RM1,000 for the 1.6 million civil servants, as well as a review of the personal income tax rate.

PETALING JAYA: The upcoming Budget 2020 will emphasise on new growth measures to address the high cost of living issue and improve the purchasing power of Malaysians, particularly the Bottom 40 (B40) segment, according to TA Securities.

As such, the government is expected to be flexible in its fiscal approach and emphasise domestic activities.